Rcm applicable

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60 Points Posted on 07 June 2020
rcm applicable on rent of motor vehicle
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On 07 June 2020 at 20:32 Report
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This discussion clarifies the applicability of Reverse Charge Mechanism (RCM) on the rent of motor vehicles. It distinguishes between commercial goods vehicles, which are subject to RCM at 5%, and other vehicles, which attract a standard GST of 5%.

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4215 Points Posted on 07 June 2020
Is it commercial goods vehicles
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On 07 June 2020 at 21:06
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60 Points Posted on 07 June 2020
Both vehicles
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On 07 June 2020 at 21:07
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4215 Points Posted on 07 June 2020
Goods vehicle @ 5%RCM and other vehicles GST @ 5%
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On 07 June 2020 at 21:32

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